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World’s Top Platinum Miner Makes Another Bold Call on Prices

  • Sibanye CEO Froneman sees platinum climbing to $2,000 an ounce
  • Demand from automakers and hydrogen cells to lift metal
Neal Froneman
Neal FronemanPhotographer: Waldo Swiegers/Bloomberg
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The world’s No. 1 platinum miner said the price of the metal could climb more than 80% over the next four to five years as the global economy recovers and supply dwindles.

That forecast comes as demand for platinum-group metals has already rebounded to pre-pandemic levels, Sibanye Stillwater Ltd. Chief Executive Officer Neal Froneman said in an interview from his farm in South Africa’s Limpopo province. Platinum has almost doubled from an 18-year low in March amid supply disruptions and a revival in China’s auto industry, which uses the metal in pollution-control devices.